Fortive Corp (FTV)

Fortive Corporation innovates essential technologies intended to keep the world safe and productive. Its businesses design, develop, manufacture, and market products, software, and services under well-known brand names. The company is a Delaware corporation, incorporated in 2015 and separated from Danaher Corporation on July 2, 2016, and it is listed on the New York Stock Exchange. On June 28, 2025, it spun off its Precision Technologies segment into an independent public company, Ralliant Corporation, in a tax-free separation. Fortive runs its operations through the Fortive Business System, a culture and set of tools built around continuous improvement, and pursues a "Fortive Accelerated" strategy of faster profitable growth, disciplined capital allocation, and building investor trust.

Fortive reports two segments. Intelligent Operating Solutions provides advanced instrumentation, software, and services for mission-critical workflows. Its offerings include professional instruments for maintenance, repair, measurement, and condition monitoring, facility and asset lifecycle software, and connected worker safety and compliance solutions. Its brands include FLUKE, SERVICECHANNEL, GORDIAN, ACCRUENT, INDUSTRIAL SCIENTIFIC, and INTELEX. Advanced Healthcare Solutions supplies workflow solutions for healthcare providers, including instrument sterilization, instrument tracking, biomedical test tools, radiation detection and safety monitoring, and clinical productivity software. Its brands include ADVANCED STERILIZATION PRODUCTS (ASP), CENSIS, FLUKE BIOMEDICAL, LANDAUER, and PROVATION.

Intelligent Operating Solutions serves tens of thousands of customers across manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other end markets. Typical users include electrical engineers, electricians, electronic technicians, EHS professionals, network technicians, facility managers, first-responders, and maintenance professionals. Advanced Healthcare Solutions serves healthcare providers and the clinical environments in which they work. Most 2025 revenue came from customers other than governments, though each segment has agreements to sell to government entities. Sales of capital equipment and sterilization consumables are often stronger in the fourth quarter, but the company is not subject to material seasonality overall.

Fortive is headquartered in Everett, Washington, and has more than 10,000 employees in about 50 countries across research and development, manufacturing, sales, distribution, service, and administration. Its manufacturing uses raw materials such as electronic components, steel, plastics, aluminum, and copper, bought from many independent sources worldwide. No single supplier is material, although some specialized components depend on a single or limited number of suppliers. The company manages supply risk through safety stock, alternative materials, and multiple qualified sources. It faces a wide range of competitors, from larger companies to specialized regional firms, including growing competition from low-cost manufacturing locations. Competition turns on price, quality, performance, delivery speed, service, technology, breadth of offerings, and brand recognition. The company owns numerous patents, trademarks, copyrights, and trade secrets, but none is material on its own. Its products are subject to medical device, healthcare, data privacy, anti-corruption, environmental, and export/import regulation.